Latest news with #Praveg
Mint
02-06-2025
- Business
- Mint
This multibagger stock tanks 15% after Q4 results, down 60% from record high. Do you own it?
Mulitbagger small-cap stock in focus: Shares of Praveg, a leading company with over thirty years of experience in tourism, hospitality, event management, and exhibitions, crashed 15% during Monday's session (June 2) as investors appeared disappointed with the company's March quarter numbers, sending the stock to a two-week low. The company on Saturday reported a 68.9% drop in net profit to ₹3.33 crore compared to ₹10.55 crore in the December quarter. Total expenses surged to ₹55 crore in Q4FY25 from ₹41.5 crore in Q3FY25 and ₹27 crore in Q4FY24. The decline in net profit was attributed to a substantial increase in expenses, driven primarily by higher depreciation charges and finance costs associated with the establishment of new resorts, which contributed significantly to overall expenditure. Revenue from operations came in at ₹58 crore in the March quarter, compared to ₹54 crore in Q3FY25 and ₹32.52 crore in the March 2024 quarter. On a year-on-year basis, net profit surged by 103%. EBITDA also improved to ₹16.60 crore from ₹9.46 crore a year ago, while earnings per share rose to ₹1.58 from ₹0.73. For the full financial year, the company's consolidated revenue stood at ₹174.43 crore in FY25, up from ₹94.55 crore in FY24, while net profit rose to Rs16.13 crore from ₹12.95 crore. Commenting on the results, Mr. Vishnu Patel, Chairman of Praveg Limited, said, 'We are pleased with our strong revenue and operating profit growth, driven by strategic expansion and our commitment to eco-luxury hospitality. While expansion has led to higher depreciation and finance costs, impacting short-term profitability, we expect improved margins as operations stabilize.' 'Despite strong bulk room night sales at Rann Utsav Resort, only a portion has been recognized as revenue this quarter. We are also making steady progress in operationalizing our new resorts and facilities, reinforcing our growth trajectory,' he added. Praveg Share price trend After largely remaining under pressure, the company's shares attracted buying interest in March and ended the following two months in the green. Between July and January 2024, the stock witnessed a one-way rally, delivering a massive return of Small Despite currently trading 60% below its peak of ₹1,300, the stock is still up 254% over the last three years and 2,711% over the last five years. Praveg is a pioneer in the non-permanent luxury accommodation segment in India and a strong player in event management. Its association with Lakshadweep projects and the positive outlook expressed in the budget have reignited investor interest, contributing to the notable uptick in today's session.
Mint
02-06-2025
- Business
- Mint
Apollo Hospitals, Titagarh Rail to ITDC: Five stocks that declared dividends along with Q4 results
Dividend Stocks: Apollo Hospitals, Titagarh Rail, ITDC, TCI Express and Praveg are the five key stocks that declared dividends along with Q4 results over the last few years. Apollo Hospitals Enterprise Ltd: The company recommended that its shareholders receive a final dividend of ₹ 10 per equity share (200% of the face value of approximately ₹ 5 per share) for FY2024–2025. At the Apollo Hospitals' subsequent Annual General Meeting (AGM), the shareholders must approve the dividend that the board of directors has recommended. At its meeting on February 10, 2025, the Board of Directors of Apollo Hospitals had announced an interim dividend of ₹ 9/-per equity share, with a face value of approximately ₹ 5/-each, amounting to 180% of the company's paid-up equity capital for the fiscal year 2024–2025. On February 28, 2025, the declared interim dividend on the company's equity shares was paid. Including the proposed final dividend by Apollo Hospitals, the total dividend for the fiscal year 2024–2025 is ₹ 19/- per equity share (380%), or ₹ 273.19 crore. Titagarh Rail Systems Ltd - For the financial year 2024–2025, the company recommended a dividend of 50% (i.e. Re 1) per equity share of ₹ 2 each, subject to the approval of the shareholders at the Titagarh Rail Systems' next Annual General Meeting. The date for the AGM will be announced in due course by Titagarh Rail Systems. India Tourism Development Corporation Ltd (ITDC) - At its meeting on May 30, 2025, the Board of Directors of India Tourism Development Corporation Limited or ITDC recommended a dividend of ₹ 2.90 per share on the company's equity share capital, totaling ₹ 24,87,31,260 for the fiscal year that ended on March 31, 2025. TCI Express Ltd- The company recommended a 100% final dividend, or ₹ 2.00 per equity share, for the fiscal year that ended on March 31, 2025, provided that the shareholders approve it at the company's 17th Annual General Meeting. In due course, notice will be given by TCI Express Ltd regarding the date of the Annual General Meeting, the Record Date, and the Book Closure, if applicable. Praveg Limited- Praveg's board recommended a final dividend of Re 1 (10% considering face value of share) per equity share with a face value of ₹ 10 for the fiscal year that ended in March 2025.
Scottish Sun
04-05-2025
- Scottish Sun
Exotic ‘bioluminescent' island that wants to be the next Maldives has beautiful new resort
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) AN EXOTIC island wants to be an alternative to the Maldives - and it has a fancy new hotel resort. Bangaram Island is in Lakshadweep, India, an archipelago of 36 atolls, yet is often overlooked by Brits due to it's lack of direct UK flights. Sign up for Scottish Sun newsletter Sign up 6 The resort on Bangaram Island in Lakshadweep, India, has 45 cocoon-shaped rooms and five shell-shaped rooms Credit: 6 The island offers many activities including scuba diving Credit: 6 At night, the water surrounding the island glows blue due to plankton Credit: Alamy However, a huge redevelopment of the island is being pushed forward for it to "rival the Maldives," Forbes reports. Following a visit to the islands from the Prime Minister, India's largest online travel company reported a 3,400 per cent increase in searches for Lakshadweep. There are plans for two "world class" resorts to open across the islands, although if you want to head to Bangaram Island, there is already a new one to explore. Praveg Resorts opened on the island back in January and features 45 cocoon-shaped rooms and five shell-shaped rooms. The rooms are all designed with eco-friendly materials, emphasising the resort's focus on sustainable tourism. The resort boasts a range of activities including snorkelling, scuba diving, breakfast by the sea and at night, the sea surrounding the island even turns bioluminescent. At night, the waves and shore of the island glow with a blue light due to the bioluminescent plankton in the water. The phenomenon is particularly common in during the monsoon season, between June and September. Visitors can see the blue hues by walking along the shore or kayaking at night, however some plankton species may produce toxins so it is best not to swim. Back on the sand and in the light of day, little hermit crabs can often be spotted scurrying across the island's beaches. The Spanish resort with Maldives-style overwater hotel rooms and floating Bali breakfasts In addition, many creatures can be seen on dives and snorkelling adventures including parrot fish, coral reefs, tuna, seahorses, sting rays, clown fish, surgeonfish - or perhaps better known as Dori - and sea turtles. For those who want to stay on the island, the beach features hammocks to lounge in whilst soaking up the Indian sun. One user commented on social media: "Bangaram Island is like a dreamy slice of heaven in Lakshadweep! "The water's colors are pure wizardry, leaving me spellbound. We landed at the fabulous Atoll Praveg, which is way more than a beach tent - it's like stepping into a beach fairy tale! "With jaw-dropping views, crystal-clear waters, and adrenaline-pumping water sports, plus top-notch service from our host Praveg, our escape was nothing short of legendary." Another added: "Small pearl in the middle of a wonderful sea. 6 However, the island is not easy for Brits to get to Credit: "Very fine white sand, palm trees, mangroves and a small lake in the center of the island." A similar resort is located on Thinnakara, a neighbouring island and features 85 cocoon-shaped rooms and 15 shell-shaped rooms. However, whilst the islands look to being a great alternative to the Maldives, it isn't the easiest for Brits to get to them. At the moment, the best way to get to Lakshadweep is by flying to Mangalore and then getting a ferry for two hours to the islands. And the flights are also not direct, with a couple of layovers sometimes necessary. 6 Currently, Brits would need to get on at least a couple of flights and a ferry to reach the island Credit: In total, Lakshadweep has 36 islands and in Malayalam and Sanskrit means 'a hundred thousand islands'. It is India's smallest Union Territory, stretching only 32 square kilometres. Amongst the islands, 10 are inhabited and there are three reefs and five submerged banks. The capital of the region is Kavaratti, which is known for its beautiful beaches and lagoons, as well as full-service scuba facilities. There are several other destinations across the globe that look like the Maldives, but are actually cheaper to go to. Also, stunning 'British Maldives' are one of the warmest places in the UK.
The Sun
04-05-2025
- The Sun
Exotic ‘bioluminescent' island that wants to be the next Maldives has beautiful new resort
AN EXOTIC island wants to be an alternative to the Maldives - and it has a fancy new hotel resort. Bangaram Island is in Lakshadweep, India, an archipelago of 36 atolls, yet is often overlooked by Brits due to it's lack of direct UK flights. 6 However, a huge redevelopment of the island is being pushed forward for it to "rival the Maldives," Forbes reports. Following a visit to the islands from the Prime Minister, India's largest online travel company reported a 3,400 per cent increase in searches for Lakshadweep. There are plans for two "world class" resorts to open across the islands, although if you want to head to Bangaram Island, there is already a new one to explore. Praveg Resorts opened on the island back in January and features 45 cocoon-shaped rooms and five shell-shaped rooms. The rooms are all designed with eco-friendly materials, emphasising the resort's focus on sustainable tourism. The resort boasts a range of activities including snorkelling, scuba diving, breakfast by the sea and at night, the sea surrounding the island even turns bioluminescent. At night, the waves and shore of the island glow with a blue light due to the bioluminescent plankton in the water. The phenomenon is particularly common in during the monsoon season, between June and September. Visitors can see the blue hues by walking along the shore or kayaking at night, however some plankton species may produce toxins so it is best not to swim. Back on the sand and in the light of day, little hermit crabs can often be spotted scurrying across the island's beaches. The Spanish resort with Maldives-style overwater hotel rooms and floating Bali breakfasts In addition, many creatures can be seen on dives and snorkelling adventures including parrot fish, coral reefs, tuna, seahorses, sting rays, clown fish, surgeonfish - or perhaps better known as Dori - and sea turtles. For those who want to stay on the island, the beach features hammocks to lounge in whilst soaking up the Indian sun. One user commented on social media: "Bangaram Island is like a dreamy slice of heaven in Lakshadweep! "The water's colors are pure wizardry, leaving me spellbound. We landed at the fabulous Atoll Praveg, which is way more than a beach tent - it's like stepping into a beach fairy tale! "With jaw-dropping views, crystal-clear waters, and adrenaline-pumping water sports, plus top-notch service from our host Praveg, our escape was nothing short of legendary." Another added: "Small pearl in the middle of a wonderful sea. 6 "Very fine white sand, palm trees, mangroves and a small lake in the center of the island." A similar resort is located on Thinnakara, a neighbouring island and features 85 cocoon-shaped rooms and 15 shell-shaped rooms. However, whilst the islands look to being a great alternative to the Maldives, it isn't the easiest for Brits to get to them. At the moment, the best way to get to Lakshadweep is by flying to Mangalore and then getting a ferry for two hours to the islands. And the flights are also not direct, with a couple of layovers sometimes necessary. 6 In total, Lakshadweep has 36 islands and in Malayalam and Sanskrit means 'a hundred thousand islands'. It is India's smallest Union Territory, stretching only 32 square kilometres. Amongst the islands, 10 are inhabited and there are three reefs and five submerged banks. The capital of the region is Kavaratti, which is known for its beautiful beaches and lagoons, as well as full-service scuba facilities. There are several other destinations across the globe that look like the Maldives, but are actually cheaper to go to. Also, stunning 'British Maldives' are one of the warmest places in the UK. 6
